Academies – Are you ready for the period ended 31 August 2012?
The Education Funding Agency (EFA) has now published the Academies: Accounts Direction 2011/2012 (AAD). This is the reference pack for academies and their auditors when preparing and auditing academy financial statements for the period ended 31 August 2012.
The pack gives guidance by explaining the elements to be included in an academy’s annual report and financial statements and the accounting treatments required and provides a model format for this.
Date: 21st August, 2012
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